Orlando long distance investor
Hello all, I am beginning my real estate journey by investing in Orlando. I currently live in NYC where the barrier to entry is too high for me at the moment. For anyone living in Orlando area, any tips on what i should expect insurance to be like? Also any areas to avoid? This is my first time investing in real estate so is it even worth it to make my first investment a long distance one?
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@Kevin Giraldo - Population growth is a big factor, and generally speaking Orlando has some good fundamentals. Having a good property manager will be key. I would also suggest touring the market for a couple of days to help put your research into context.
Here's a good article about market selection.
https://www.biggerpockets.com/blog/2015-11-16-how-to-choose-areas-multifamily-deals